Managers of Wealth Middle East -Wealth, private banking and asset management news and opinion

UAE cracks down on misuse of home loans

The move is aimed to limit risks from property slump

Hanan Morsy named one of Egypt’s 50 most influential women

Dr Morsy has brought a wealth of international experience to the African Development Bank.

Dubai's health insurance industry booming after mandatory medical insurance

Healthcare entities such as Avivo Group, which even otherwise faces heavy operating expenditures, are putting additional money on the new department that handles insurance-related activities.

SA expat confusion over tax status as amendments loom

Taxpayers who will be most affected by the legislation are those in the Middle East or in countries where there is no double taxation agreement.

FAB issues over AED 3 billion bonds within three days

The bank issued the region’s first dollar-denominated Sukuk for 2020 in January, the order book topped $1 billion with 80 per cent allocated to Islamic investors

The Changing Face Of Business In The Middle East

It’s a shift that forward-thinking governments in the region are proactively fostering.

IMF technical team to start Lebanon talks on Thursday

Banks are imposing controls on access to cash and blocking transfers abroad, the Lebanese pound has slumped, prices are rising and firms are shedding jobs or slashing wages.

Gulf Bank, Instimatch tie up for digital cash deposits

Gulf Bank will be able to use the Instimatch network as part of its treasury operations, in order to source additional money market opportunities, with full control over counterparties.

TCS BaNCS selected by BSF to enhance customer experience

The platform’s flexibility enables the speedy launch of new products and services while its high level of automation significantly enhances customer service levels.

StanChart says rising project finance and digital tech investments will drive regional growth

The bank can be a 'bridge' for foreign capital seeking opportunities in Saudi Arabia, says Africa & Middle East head

Irregularities found Habib Bank's UAE operations

Employees in some of Habib Bank's UAE branches helped certain customers disguise transactions by issuing pay orders in their own names

Expected change in banks map Egyptian market

The new banking law requires local banks to increase their paid-up capital to EGP 5bn, and increase foreign bank branches to $150mln

UAE bank customers' complaints to be dealt with quickly under new guidelines

Consultation process launched for new Financial Consumer Protection Regulatory Framework

UAE banks will have to process consumer complaints within timeframe

The apex bank said the new framework will help consumers to make a quick and right decision amidst the growing and expanding financial sector in terms of new entrants and new products.

Bahrain brings charges in vast money laundering case linked to Iranian state-owned banks

Billions of dollars were funneled through Future Bank, which was controlled by Iran’s Bank Saderat and Bank Melli

Kuwait banks can withstand challenges – CBK confident

The banking sector, based on CBK’s policies, continues its service of the national economy with high efficiency,” to ultimately contribute to addressing the state budget deficit.

Kuwaitis, expats borrowed 1.57 billion dinars in 2019

Credit by Kuwaiti banks witness 4.3% jump

Bahrain brings charges in vast money laundering case linked to Iranian state-owned banks

The defendants are charged with multiple offences under Bahrain’s anti-money laundering and banking laws, the state Bahrain News Agency reported.

Discover Increases Acceptance in Oman

National Bank of Oman Helps Grow Discover Global Network Acceptance at Key Merchants

Bahrain Bourse issues resolution to list T-Bills and sukuk

According to the resolution, 58 Treasury Bills and 10 short-term Islamic lease sukuk issues will be listed during the year 2020 unless stated otherwise

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